stay sideline guys....more panic selling due to Fed meeting and Brexit.

don't catch falling knife....will below rm2.00 soon

No hope for this counter....below 2.00.next month.

2.00 coming soon

Ringgit strengthen at 4.03...this counter will drop further.

This counter keep dropping if ringgit strengthen.sell before it's too late.

Hi all sifu...Can ecowld -cb convert to mother share?coz expired soon :(

Ugly US job employment data report announced which is lowest in last 6 years.Confirmed FED won't increase rates!!

Attractive bonus issue to trap investors upon QR.. :(

still risky due to FED uncertainties.

Fed will not increase interest rate in June due to Brexit!!

what if only a speculation.

Danny..ringgit weakening coz of 1MDB debt issue.

higher raw material cost and forex exchange loss if oil price hike...u got it?

OPEC meeting June this week to cut oil production...worry

OPEC meeting June this week to cut oil production....Sell and run..

C10 become 0.005 soon..sell

bonus issue to trap investor to buy more recently.....Disappointed.

Disappointed with this counter..earning will be drop due to higher operating cost and forex loss.

Fed reserve won't increase interest rates if jobs data is not good..be prepare for the worst.

raw materials rubber 162.80 keep increasing...earning will drop over the months.

Fed reserve won't increase interest rates if jobs data is not good..be prepare for the worst.

rubber 162.80 keep increasing...supermx will drop below rm2.00 soon..

Also negative factor that foreign labour levy increase from July 1 affect all industries.

thank you ETmoney, next QR will be loss again if raw mat increase.. :(

Hi All..is there any website to monitor rubber raw material price?t.q

usd to myr now is rm4.09.Next quarter report will be forex gain when FED increase rates next month.No worry..

usd to myr now is rm4.09.Next quarter report will be forex gain when FED increase rates next month.No worry..

Kai,thanks for your kind support. :)

can email me too?..tangosky86@gmail.com..thx kai.

Hi kai, can email me as well?..tangosky86@gmail.com. thanks. :)

Hi kai, can share your analysis to me also?tangosky86@gmail.com...thanks

Buy..don't miss the last boat..

US crude (Nymex) is down due to Non-opec production falling than expected and Iran ramping up it's output...seems no production freeze deal for OPEC......BUY!

Elitetrader...kindly read http://m.investing.com/news/commodities-news/nymex-crude-gains-in-asia-as-china-cpi-data-sparks-easing-views-394552

USD/RM rate 3.89 today..crude oil reached USD40.00++ again..

crude oil uptrend now at USD39.66 thus ringgit strengthen again....panic selling soon.

buy..buy....bonus issue ex date soon..

better wait opec meeting april 17.....freeze oil production soon

ringgit strengthen now...better avoid glove stocks.

Global producers may agree to a production freeze later this month...run..

Kai89 is right,current uncertainty will continue to take a toll on glove industry.

ringgit strengthening will bring down the earnings.not safe to buy.

Avoid this stock for short term as ringgit is strengthening due to oil uptrend now.

crude oil usd40 soon....run..

The recent sell-off on rubber gloves makers is an opportunity for investors to pick up battered down stocks such as Top Glove Corp Bhd at lower price points, according to AllianceDBS Research.

This is because the firm sees recent issues such as higher foreign worker levy and the cut in natural rubber exports by key producing countries as having “minimal” financial impact on the glovemakers.

“We see opportunity for accumulation,” analyst Siti Ruzanna Mohd Faruk said in a note yesterday.

Malaysia glove makers traditionally rely on cost pass through arrangement with customers which means that any changes in production cost would reflected in their average selling prices (ASPs).

“Given the cost pass through arrangement between glove makers and their customers, any increase in production cost, including raw material cost, will only affect their earnings for 1-2 months due to the time lag in adjusting ASP to reflect prevailing cost of production,” she said.

As it is, the levy is absorbed by the foreign workers but in the event glove makers decided to absorb the hike, Siti Ruzanna said the impact to the companies’ earnings was estimated at less than 2%.

The Government had proposed a hike in foreign workers levy from RM1,250 to RM2,500, a 100% hike for those working in the manufacturing, construction and services sector effective February 2016 during the Budget 2016 recalibration.

But, this had been put on hold at the moment pending discussions with stakeholders including representatives from the Malaysian Employers Federation, manufacturers, guild associations and non-government organisations.

Investors’ sentiment on glovemakers was also affected by concerns that natural rubber prices may rise after key producing countries – Thailand, Malaysia and Indonesia – decided to limit their exports effective March 1.

Since the start of the year, shares in Top Glove Corp Bhd and Hartalega had declined by about 18%, while Kossan Rubber Industries Bhd fell 26% and Supermax Corp Bhd dropped by 15%. The research house’s top pick for the sector is Top Glove with target price of RM7.10.

http://www.thestar.com.my/business/business-news/2016/02/12/time-to-pick-up-shares-of-rubber-glove-makers/